https://www.taxtmi.com/acts?id=14407 Issuance of Indian Depository Receipts is subject to foreign exchange laws for repatriation of proceeds; IDRs must be denominated in Indian rupees; IDRs cannot be redeemed into underlying equity until after a mandated minimum holding period from issue; and aggregate IDRs issued by an issuing company in a financial year are capped relative to its paid up capital and free reserves. en-us Thu, 02 Jun 2011 10:22:44 +0530 Thu, 02 Jun 2011 10:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14407 Issuance of Indian Depository Receipts is subject to foreign exchange laws for repatriation of proceeds; IDRs must be denominated in Indian rupees; IDRs cannot be redeemed into underlying equity until after a mandated minimum holding period from issue; and aggregate IDRs issued by an issuing company in a financial year are capped relative to its paid up capital and free reserves. Act-Rules Companies Law Thu, 02 Jun 2011 10:22:44 +0530 https://www.taxtmi.com/acts?id=14407